EPFO said the rationalisation will serve the interests of all stakeholders by ensuring convergence between the Income Tax Act and EPF laws.

The Union Budget proposes changes to the Income Tax rules for provident fund trusts. These changes will align tax laws with ...

The amendment clarifies the two-year nil annual value period for unsold stock-in-trade property. It also confirms that prior-period interest is included within the ₹2 lakh deduction ...

By adopting the section 10(4D) definition, the amendment ensures consistency across income-exemption provisions. The change enhances legal certainty and eases long-term tax planning for ...

The move addresses long-standing inconsistencies between tax law and provident fund legislation relating to eligibility for exemption, investment patterns and employer contribution limits.

Tax experts say the new rules will significantly influence how taxpayers file returns, disclose income, manage penalties and ...

Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on ...

Limited partners are not subject to self-employment taxes in a case recently decided by the Fifth Circuit Court of Appeals.

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

Budget 2026 introduces major income tax rule changes, including extended ITR revision deadlines, reduced penalties, wider immunity from prosecution, and simplified compliance norms for individuals and ...

The Union Budget 2026-27 proposed a tax holiday till 2047 for global cloud providers such as Microsoft, Google, and Amazon to ...